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The retirement system approved a private equity fund-of-funds commitment to an existing manager relationship at yesterday’s board meeting.
Incumbent RVK will see its contract expire on Dec. 31.
Rodney Zemmel has joined Blackstone as global head of portfolio operations.
Andrew Hoffmann has joined the retirement systems as an investment director.
The fund will consider committing additional capital to two recently-hired managers within its portfolio at a special board meeting on March 5 after its original meeting on Feb. 19 was cancelled due to a winter storm.
The fund is slated to receive a cryptocurrency education presentation from an asset manager at this week’s board meeting.
The firm surpassed its fundraising goal by more than $200 million in capital commitments.
The plan hired two core and two core-plus fixed-income managers, including two incumbents, at today’s board meeting.
The investment advisor will be response for more than $13 billion in assets.
The retirement system selected a new manager following three finalist interviews held last week.